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When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. That, of course, tells you that those newfound percentages can be taken away based on nothing. That’s how trapped and intellectually devoid we have become.

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